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German Cabinet Needs Two-Thirds Majority on ESM, Die Welt Says

March 26 (Bloomberg) -- The German government will need a two-thirds majority in the Bundestag to pass legislation approving Europe’s permanent bailout fund, Die Welt reported, citing the Center for European Policy.

The policy review group, citing article 23 of the German constitution, contradicts claims by Finance Minister Wolfgang Schaeuble that a simple majority would be sufficient to pass the European Stability Mechanism law, the newspaper reported.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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